When you see a meme coin 🚀💥, it might be tempting to jump in last minute. The truth is, the only way you would have cough that parabolic run is in the case that you have an extremely diversified portfolio. Otherwise, trying to catch a moving train is not our style and if you want to be a profitable trader, it shouldn't be yours either.
I'm no fan of meme coins, but it won't hurt to have a diversified portfolio. This will not only increase your exposure to profits but also absorb some of the potential losses on other coins.
It is always a better/lower risk trade to look for coins that HAVEN'T made their moon yet. It might require more patience, you might have to wait weeks/months for you profits, but you are almost always guaranteed a profit if you buy coins that haven't rallied yet.
If you're looking to become a more profitable trader who accumulates and waits out rallies instead of chasing them, follow here for daily updates.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.